About ReadSoft: Who we are

ReadSoft helps companies automate document flows.

 

The results?

Faster response times.
Lower costs.
Better control.

 

At the forefront of technology since 1991.

We have always taken pride in being the innovators of our business, constantly developing new, cutting-edge technology according to our customers' needs.

Worldwide coverage.

ReadSoft has customers in most countries all over the world.

With 16 subsidiaries and 300 partners, ReadSoft stays close to customers wherever they are.

Some of our 6,000 customers

- IKEA             
- Porsche         
- Yves Rocher   
- Volvo
- Siemens
- DaimlerChrysler
- HSBC Bank
- London Underground
- New York Transit...

Quick return on investment

In general, an investment in automated document management pays for itself in less than 12 months.

(Source: Harvey Spencer Associates)

A green alternative

ReadSoft software spares the world of 1.4 billion paper copies every year.

That equals 2000 tons of CO2 emissions.

What we do

ReadSoft creates software that helps companies automate their document processes. These processes could be for example:

  • Sorting documents
  • Entering data into computers (from paper or electronic documents)
  • Matching documents against information in an ERP system
  • Approval workflows etc.

Values for the users

The results are faster and less expensive document processing and better control over business critical information. The return-on-investment for a ReadSoft solution is usually less than one year.

Number one in automated invoice processing

ReadSoft has the most widely used solution for invoice processing in the world with more installations than the rest of the market combined.

Facts and figures

Business category:

Software solutions for document process automation.

Business mission

ReadSoft contributes to businesses’ success by providing the ideal software solutions for automating document driven processes.

Operations in:

16 countries
(Australia, Benelux, Brazil, Chile, Denmark, Finland, France, Germany, Malaysia, Norway, Poland, Spain, Sweden, Switzerland, UK, and USA)

Customers:

6000+

Partners:

300+ in more than 70 countries

Employees:

Approximately 450

Founded:

1991

Head office:

Helsingborg, Sweden

CEO:

Per Åkerberg

Corporate values:

Commitment, Creativity, Competence, Cheerfulness (the 4Cs).

Share information:

Traded on the Nordic Stock Exchange Small Cap list.

ReadSoft's technology:

ReadSoft software extracts information from business documents such as invoices, forms, claims, orders etc. (paper or electronic). The extracted information is used for automated document sorting, information matching against ERP systems, and approval workflows.

Organization

With offices in 16 countries and partners in an additional 70, ReadSoft has the most extensive support network in the business.

world wide map subsidiaries

The ReadSoft headquarters in Helsingborg, Sweden houses corporate functions such as Human Resources, Integration development, Finance, Marketing, International sales and services.

Four solution labs provide ReadSoft with software and third-line support.

  • ReadSoft Lab – SAP Solutions (Frankfurt, Germany – Wroclaw, Poland).
  • ReadSoft Lab – Oracle Solutions (Copenhagen, Denmark).
  • ReadSoft Lab – Capture Solutions (Stockholm, Sweden).
  • ReadSoft Lab – SaaS Solutions (Stockholm, Sweden).

Fifteen ReadSoft subsidiaries are engaged in selling, installing and supporting the software solutions. You will find us in: Australia, Benelux, Brazil, Chile, Denmark, Finland, France, Germany, Malaysia, Norway, Poland, Spain, Sweden, Switzerland, UK, and USA.

Management team

Bob Fresneda

Bob Fresneda

Bob Fresneda functions as the President of ReadSoft, Inc. Bob came to his role at ReadSoft with 15 years as a true leader in the automated data capture software industry. He was appointed President in 2001 after leading the ReadSoft sales team to record performances during his tenure as Vice President of Sales.

Under the guidance and leadership of Bob, ReadSoft US is now the largest in number of personnel and revenues out of the 16 global subsidiaries.

Bob has spent his entire career in the automated data capture software industry starting off in sales management prior to becoming President of ReadSoft US. During his career, Bob has emerged in the field to become an industry speaker at conventions and trade shows while often being quoted in publications of interest to the industry.

Bob is married and has three boys, which encourage year round participation in school and sports activity with his family.

Dan Andersson

Dan Andersson

Dan Andersson’s role as Vice President of Professional Services for ReadSoft is essential in creating an environment dedicated to providing professional services to new and existing customers. Dan leads a department of technical and functional professionals in pre-sales, consulting services, and customer care services.

His extensive management skills and experience in project management, software engineering and customer relations assist Dan in serving ReadSoft’s customers and partners well.

Since graduating in 1991, Dan has worked in the document management business and gained valuable experience in management, software development, technical applications, and project management. Initially working for ReadSoft in a product integration and project engineering role, Dan built a strong foundation in ReadSoft product development, release management, implementation practices, and customer support. He has a Master of Science degree in mathematics, specializing in computer science. Dan’s combined technical, social, and leadership abilities are valuable assets to ReadSoft and customers.

Steve Bennion

Steve Bennion

As Director of Sales for North America, Steve Bennion leads the direct sales efforts of ReadSoft for document management and workflow solutions for SAP and Oracle. Steve has over 20 years experience in consulting to ERP environments; the past 10 years have been specifically in the SAP and Oracle marketplace.

Steve has an extensive knowledge of process optimization with a focus in procure-to-pay best practice concepts and frequently conducts workshops to help companies improve their process efficiencies.

Steve has been a speaker at various industry events, including IQPC, IAPP, ASUG chapter meetings, Oracle Open World, ASUG/Sapphire meetings and more. Steve has a Marketing degree from Brigham Young University and an MBA from the University of Portland.

Bob Monio

Bob Monio

As the Director of North American Channels and Alliances at ReadSoft, Bob Monio is responsible for the growing operations of ReadSoft’s Partner channel as it engages ISVs, OEMs, and Systems Integrators in the North American market.

With over 25 years in the IT solutions industry, Bob initially worked as developer creating some of the first telemarketing and survey software for organizations looking to better leverage their marketing initiatives. Bob later parlayed his background in sales, re-engineering, and customer relationship management systems into the development of a very successful IBM Consulting firm in the 90's. As an owner of Metrix Communications, Robert participated with Lotus in the successful delivery of the Domino product line to the market and created several award-winning collaborative business solutions.

In 1998, Metrix became part of USWeb/CKS and Robert took on the worldwide responsibility for driving IBM-based solutions across USWeb/CKS - resulting in over 150M of IBM software sales and an IBM Beacon Award for distinguished achievement. In 2001, Bob became part of SBI Group and later joined Open Text Corporation through the sale of the Optura organization. At Open Text, Bob was responsible for the Global Alliances program – successfully engineering Alliances with firms such as Accenture and Deloitte while also serving as the manager of Open Text’s North American channel program- the results of these efforts helping to grow Open Text’s Partner revenue contribution from 14% to 34% in 3 years. Bob joined ReadSoft in early 2010 to help grow the Channel around ReadSoft’s market leading Capture and Accounts Payable solutions for SAP and Oracle.

Married for over 25 years and with 2 daughters, Bob spends his leisure time helping to run the family’s hobby farm and taking care of their beloved horses and hunting dogs.

Helen Branley

Helen Branley

Helen Branley functions as the Controller for ReadSoft North America. Helen’s well-developed professional accounting skills allow her to maintain financial control over the subsidiary. Helen is able to juggle between currencies and accounting rules of the United States and those of the Swedish parent company, ReadSoft AB.

Working for a publicly traded company, Helen’s Certified Public Accountant status and twenty-plus years’ experience in accounting and financial reporting are of great value. Along with monthly financial reporting, Helen also is responsible for accounts receivable and accounts payable, cost control, and financial planning.

Helen received her B.S. in Accounting from the University of New Orleans and is a member of both the Society of Louisiana Certified Public Accountants and the American Institute of Certified Public Accountants.

Board of directors

Göran E Larsson

Göran E. Larsson, Chairman

Born 1943
Chairman of the Board since 2000, member and Deputy Chairman since 1998. Other Board assignments: Chairman of the Board of AB Sagax (publ), Effnet Holding AB (publ) and PCQT Personal Computer Quality Technology AB (publ). Deputy Chairman of TA Teleadress Information AB, member of the Boards of Duroc AB (publ) and Habia Cable AB. B.Sc. Engineering 1967, B.Sc. Business Economics, 1969. Shareholding in ReadSoft (through company): 18,000 series B shares. Independent in relation to the company and its principal owners.

Jan Andersson

Born 1959
Board member since 2011. Chairman of Ekros & Hultberg, Board member of NET Invest AB. B.Sc. Computer Science, Institute of Technology at Linköping University, 1986. Active board work at ReadSoft AB. Shareholding in ReadSoft: 596,790 (596,790) Series A shares and 3,511,195 (3,511,195) Series B shares.

Lars Appelstål

Lars Appelstål
Born 1959
Executive Vice President R& D and member of the Board since 1991. B.Sc. Computer Science, 1986. M.Sc. Cleveland, Ohio, 1986. Shareholding in ReadSoft: 596,790 series A shares and 3,511,195 series B shares.

Lennart Pihl

Lennart Pihl
Born 1950
Board member since 2001. Other Board assignments: Chairman of MultiQ AB (publ). Member of the Boards of Effnet Holding AB (publ), Duroc AB (publ) and the Chamber of Commerce and Industry of Southern Sweden (Northwest Skåne). B.S. Business Economics. Shareholding in ReadSoft: 10,000 series B shares. Independent in relation to the company and its principal owners.

Håkan Valberg


Håkan Valberg
Born 1962
Board member since 2008. Other Board assignments: Prodacapo AB and Advent. M.Sc. Engineering, 1996. Shareholding in ReadSoft: 8,500 series B shares. Independent in relation to the company and its principal owners.

Anna Söderblom

Anna Söderblom
Born 1963
Board member since 2004. Other Board assignments: member of the Board of Bong Ljungdahl (publ), Ortivus (publ) and IQube. B.A. Mathematics, 1994. B.Sc. Business Economics, 2003. Shareholding in ReadSoft: 10,000 series B shares. Independent in relation to the company and its principal owners.

Peter Gille

Peter Gille
Born 1962
Other Board assignments: Member of the Boards of Tritech Teknik. Education: B.Sc. Business Economics 1988. MBA 2003. Current position: Managing Director, Nexus Technology. Previous positions: Application Consultant, Corda Adesystem, Application Project Mgr/ Consultant, Enator Corda, and various positions within the Oracle Group. Shareholding in ReadSoft: None. Independent in relation to the company and its principal owners. Elected: 2009.

History

Jan Andersson and Lars AppelstålDid you know that ReadSoft started out as a pet project by the two Swedish university students Jan Andersson and Lars Appelstål in the late 1980's?

They had seen how much time people spent on manually handling documents and thought that there must be a way to automate these processes. Freeing offices from manual document handling has been ReadSoft's mission ever since.

Since the start in 1991, the ReadSoft brand has stood for constant innovation and we still take pride in being the innovators of our field.

1988

Swedish college classmates, Jan Andersson and Lars Appelstål, begin investing their spare time in developing a system for interpreting handwritten characters.

1991

ReadSoft is founded. The first customer, Yves Rocher, uses the software to scan incoming order forms.

1992-1996

The company grows rapidly, and a number of technical innovations are launched, such as Fast Verify, Batch Handling, and the ability to handle multiple languages.

1997

Introducing INVOICES, the first self-tutoring software for handling invoices.  

Best of AIIM 1997
The product FORMS receives award for its scalability and integration abilities.

1999

ReadSoft is listed on the Stockholm Stock Exchange.

Best of AIIM 1999
FORMS is praised for its revolutionary color handling and character recognition.

2000-2001

ReadSoft is hit by the .com crash, but consolidates and still manage to launch a lot of new technology such as scanning in color, capture of electronic documents and the market’s first certified integration to SAP.

IT Company of the Year 2001
ReadSoft is named IT Company of the Year in Sweden.

Best of AIIM 2001
INVOICES is praised for its unique learning abilities.

Best of AIIM 2000
FORMS awarded for using color through the entire process.

2002

Introducing a system for electronically sending and receiving invoices.

Best of AIIM 2002
The INVOICES technology is praised for its forward thinking, SAP integration, and email and web functionality.

2004

Introducing an overall concept for capturing information from any document in any format.

Award Winner 2004
New Technology Product of the Year.

2005

ReadSoft acquires Danish Consit Development which becomes the ReadSoft Lab – Oracle Solutions. With this, ReadSoft has an integration and workflow for Oracle E-Business Suite.

2006

ReadSoft acquires German Ebydos AG which becomes the ReadSoft Lab – SAP Solutions. With this, ReadSoft has an integration and workflow for SAP R/3.

2007

Introducing a technology for classifying and indexing large volumes of documents without human intervention.

ECM Connection's ACE Awards 2007 ReadSoft software is commended for its compliance with other systems.

2008

Launch of pioneering click-to-view software for invoice reporting.

2010

Introducing a concept where documents find their own way through an organization.

 

Contact ReadSoft
Contact ReadSoftQuestions are always welcome. We will do our best to provide all the information you require.
 


 
  • select
  • Send
ReadSoft press releases
Subscribe to newsletter

ReadSoft NewsReadSoft News

Get the latest news on ReadSoft, our business and our software in the bi-montly newsletter "ReadSoft News."

Previous issues
 

  • select

  • Subscribe
Fun facts

Did you know…

...that approximately 10 percent of ReadSoft’s customers in the US are on Forbes’ list "Fortune 500"?

...that ReadSoft's CEO Jan Andersson was named “2008 Entrepreneur of the Year” in Helsingborg, Sweden?

...that one of ReadSoft's customers got so much room to spare when they got rid of their archive that they built a spa?

...that ReadSoft’s products contribute to 1.4 billion paper copies never being made (reducing carbon emissions by 2,000 tons)?

...that it is not unusual for an investment in automated document management to pay for itself in less than 12 months?